# Good days ahead for soybean - The HinduBusinessLine

> India's soybean market is seen stabilizing on hopes that China will resume purchases and that state governments will support prices ahead of 2019 elections. Indian soybean output for 2017-18 is estimated at 8.35 million tonnes, sharply below the prior year, and soymeal exports fell about 40% in May.

- Date: 2018-06-17 · published 2018-06-17T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/64591-good-days-ahead-for-soybean-the-hindubusinessline
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter Indian supplies and weaker soymeal exports support regional soybean prices, though renewed Chinese buying would be needed for a sustained recovery.

## Read by commodity

- SBM: bearish ▼
- SOY: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/commodity-analysis/good-days-ahead-for-soybean/article24186232.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.